INCOME TAX ASSESSMENT ACT 1997 - SECT 100.65 What records?

INCOME TAX ASSESSMENT ACT 1997 - SECT 100.65

    Keeping full records will make it easier for you to comply. For example, keep records of:

•   receipts of purchase or transfer;

•   interest on money you borrowed;

•   costs of agents, accountants, legal, advertising etc.;

•   insurance costs and land rates or taxes;

•   any market valuations;

•   costs of maintenance, repairs or modifications;

•   brokerage on shares;

•   legal costs.